$4,988 Closing Credit*
$420,000
1,624 SqFt
3 Beds
•2 Baths
Jonathan Minerick, Listing Office: HomeCoin.com
Is McLane, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, McLane has remained a Seller's Market.
Key Takeaway
McLane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McLane, CA
How much do homes in McLane, CA cost?
Median Sold Price
$376,245
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$7,547(-2.0%)
Key Takeaway
Homes in McLane have sold for 2% less than they did a year ago.
Summary: The median home sold price in McLane was $376,245 in September 2024, down 2% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.5K | - | N/A |
| 2 Bedrooms | $265K | $270K | +1.9% |
| 3 Bedrooms | $344.7K | $358.9K | +4.1% |
| 4 Bedrooms | $480K | $487K | +1.5% |
| 5+ Bedrooms | $530.4K | $536.2K | +1.1% |
Summary: McLane housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Mayfair | $295K | $320K | +8.5% |
| Sunnyside | $404.6K | $415K | +2.6% |
| McLane | $383.7K | $376.2K | -2.0% |
Housing Supply in McLane, CA
How many homes are available in McLane, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 161 | 156 | -3.1% |
Summary: The McLane real estate market had 156 homes for sale in September 2024, a 3.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 26 | +23.8% |
| 3 Bedrooms | 93 | 80 | -14.0% |
| 4 Bedrooms | 32 | 31 | -3.1% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The McLane housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.8%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 47 | 36 | -23.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McLane, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in McLane in September 2024, down by 23.4% month-over-month. Of the 36 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for McLane, CA
How long does it take to sell a home in McLane, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 32 Days | +107.3% |
Summary: Homes in McLane had an average of 32 days on market in Sep 2024, up by 107.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in McLane are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 36 homes were sold in McLane; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.